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New Florida Law Affecting Notaries

A law in Florida has been amended to clarify that a notary may sign a power of attorney on behalf of a principal who is unable to sign by using the procedures in F.S. 117.05(14).

The amended law also includes directions for others involved with official records including attorneys and brokers. Here is the official summary of the amended law:

“Provides additional exceptions to applicability of specified power of attorney provisions; provides that an original power of attorney may recorded in official records; adds exceptions to provision that prohibits agent who has accepted appointment from delegating authority to third person; authorizes third person to require an agent to execute affidavit stating that agent’s authority was not terminated because of certain circumstances; revises form for affidavits; requires third person who rejects power of attorney for certain reasons to state reason for rejection in writing; provides for notice to broker-dealer; revises provisions relating to when notary may sign principal’s name to documents; clarifies that certain gift amounts are based on calendar year; specifies that broker-dealer does not have duty to inquire into certain actions by an agent & is not liable for relying in good faith on an agent’s actions; provides that agent acquires general authority regarding securities held by broker-dealer.”

Are you a notary in Florida? Do you want more information about this new legislation? Read the official summary and find other details here.